Collective Mining Ltd. is pleased to announce that due to strong demand, it has increased the size of the previously announced bought deal of common shares to 6,600,000 common shares at a price of C$19.00 per Common Share for gross proceeds of approximately C$125 million . The Company previously entered into an agreement with BMO Capital Markets and Scotiabank as joint bookrunners on behalf of a syndicate of underwriters [...]
Collective Mining Ltd. has announced today that it has entered into an agreement with BMO Capital Markets and Scotiabank as joint bookrunners on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on "bought deal" basis, 5,270,000 common shares in the capital of the Company , at a price of C$19.00 per Common Share for gross proceeds of approximately C$100 million . The [...]
Two new holes have tested the high-grade Ramp Zone by intersecting wide and continuous intervals of reduced intrusion related gold mineralization. The Ramp Zone locates at the bottom of the Apollo system. APC103-D6, which was the shallower and first of the two new holes to intercept the Ramp Zone, cut 50.50 metres at 5.66 g/t gold and 13 g/t silver and extended the system laterally by approximately 50 m to the northeast [...]
Two maiden holes drilled to the north and northwest respectively at the X target were directed to intercept robust soil and geophysical anomalies. Both holes cut multiple zones of silver dominant veins over a broad area measuring approximately 500 metres by 500 metres resulting in a new silver-rich discovery for the Company. Highlight assay results from hole XTC-1 include: 12.85 m @ 503 g/t silver equivalent from 121.10 [...]
Latest drill results at San Antonio into the Pound target have expanded the footprint of the recently discovered porphyry system and intersected multiple mineralized zones: Hole SAC-18, located two hundred and fifty metres south of previously announced discovery hole SAC-11, was drilled vertically into a mineralized porphyry system and intersected: 172.40 metres @ 1.88 g/t gold equivalent including: 28.50 metres @ 3.32 [...]
High-grade gold, copper, silver and tungsten assay results have been received for four holes from its ongoing shallow drilling program designed to outline and expand the near surface zone of mineralization at the Apollo system with highlighted results as follows: 183.70 m @ 3.01 g/t gold equivalent from 37.30 m downhole 37.15 m @ 7.05 g/t gold equivalent from 118.10 downhole The second large capacity diamond drill rig to [...]
Collective Mining categorically rejects all of the false and misleading allegations made in a short thesis report published yesterday. Since Collective was incorporated in 2020, the Company has conducted its exploration activities on the Guayabales and San Antonio projects in full compliance with the Colombian legal framework governing mining and environmental activities. Specifically, all work being conducted on its [...]
Collective Mining is pleased to announce the publication of its 2024 Sustainability Report. This marks the fourth such report issued by the Company and provides a comprehensive overview of its performance and impacts across environmental, social and governance dimensions in the Department of Caldas. In 2024, Collective continued to deliver meaningful progress in responsible exploration, technical excellence and [...]
High-grade gold, copper, silver and tungsten assay results have been received for a further five holes from its ongoing drilling program designed to outline and expand the near surface zone of mineralization at the Apollo system with highlighted results as follows: 442.35 m @ 2.16 g/t gold equivalent from surface including 68.05 m @ 4.55 g/t gold equivalent. The hole bottomed while still in strong mineralization. 325.10 m [...]
High-grade gold, copper, silver and tungsten assay results have been received for the further six holes from the shallow drilling program designed to outline and expand the zone of mineralization with highlighted results as follows: 397.50 m @ 2.62 g/t gold equivalent from surface with a grade accumulation of 1,041 gram x m. The hole bottomed while still in strong mineralization. 135.20 m @ 2.71 g/t gold equivalent from [...]
A new high-grade vein system has been discovered in hole MEC-2 at the ME target with assay results as follows: 0.65 m @ 534.0 g/t gold from 274.5 metres downhole and 0.90 metres @ 47.2 g/t gold from 291.8 metres downhole Shortly after completing hole MEC-2 and at the onset of hole MEC-3, drilling was halted as the preliminary results from the new gravimetric survey were received by the Company, indicating that these holes [...]
A new high-grade vein system has been discovered in hole MEC-2 at the ME target with assay results as follows: 0.65 m @ 534.0 g/t gold from 274.5 m downhole and 0.90 m @ 47.2 g/t gold from 291.8 m downhole Shortly after completing hole MEC-2 and at the onset of hole MEC-3, drilling was halted as the preliminary results from the new gravimetric survey were received by the Company, indicating that these holes were drilled [...]
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